Demon Investor | $UFG Dev | United for Greatness

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What is $UFG
What is $UFG? $UFG is the first treasury in a broader on-chain treasury platform. It begins with a deliberately simple model: creator fees flow into a transparent ETH treasury that $UFG holders can redeem against. When users redeem, they redeem for their pro-rata share of the ETH treasury and are charged an exit fee of 2%. This exit fee makes it so the amount of ETH backing the remaining tokens never declines. The platform is intended to expand with additional experiments using innovative, clearly disclosed strategies, while $UFG itself acts as the platform treasury for holders and early adopters, being governed by the fixed rules of its contract.
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Talking to this guy is a trip because his stories of the pre-computer workplace
Replying to @larsiusprime
At the time, “spreadsheets” were often done by hand I have a coworker who started working in 1992 when there was only one computer per floor
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Marcel retweeted
Thinking about this.
When you’re working in crypto, real bravery is refusing to build the slot machine
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My county has both a reform school and school for children with special needs. I don’t see how this is equivalent to “prison abolition” given this system already exists. Jane is just willfully ignorant and dumb.
like I said, it is incredibly easy to see what I mean, I keep saying it
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Marcel retweeted
This is what we are fighting against at @UFGDeFi. I'm sick and tired of our industry being defined by rug pulls and scammers. It's time for us to take back control. Sovereign Treasuries are that first step. It is a fair and simple solution for tokenholders to hold teams accountable and ultimately give them peace of mind.
This is why I do it. The casino will go on. Most memecoins will go to zero and the whole thing is a fugazi. But if I can steer you away from the 100% certified scams run by known bad actors, it's worth it. Will you probably gamble that money on another shitcoin? Sure. But at least you'll live another day and lose it on your own terms instead of getting drained by straight-up scammers. I'll keep investigating and exposing these rugs, and I'm building a tool to help even more of you catch them so follow me so you don't miss it!
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Marcel retweeted
This categorisation doesn’t make sense and is pretty much self-serving. First of all, arguing that a vault where a curator has discretion over how capital is allocated across markets, and can even expand into new markets beyond the user’s initial mandate, which, btw, is a known Morpho drawback (very non-LP friendly), should be considered non-custodial simply because it has a timelock is about as strong an argument as a wet European paper straw. Especially the part of implicit approvals that simply changes the whole allocation mandate and users don’t even have the proper tools to monitor these changes. Also the part on relying roles, doesn't really solve much, simply creates a blame game and relocates potentially liability but doesn't solve the actual problem. Vaults that could reasonably be considered non-custodial are those without a manager. For example, vaults that simply wrap deposits into a lending protocol, or the original Yearn vaults. These are make sense to be categorized as non-custodial vaults. There’s nothing inherently wrong with discretionary vaults, as long as the regulatory path is figured out. I’m all for developing industry standards, but let’s at least do it in a way that serves the broader industry rather than your own interests. 😂
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No American is going to go to China to experience LibertyU style curfews, centralized shower halls and no parties
Chinese elite universities are powerful in their own right and are running out of Chinese students. 2010: Rich Chinese kids propping up third tier American universities. 2030: Rich White kids propping up fourth tier Chinese universities.
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Strong Towns believes that dense cities have lower taxes than suburbs 🙄
Strange article from Strong Towns on "filtering". Fundamentally, they do not believe in indirect spillover effects, where adding high-end supply can reduce low-end rents. Instead, we have to intentionally and directly target the low-end. 1/
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Reserve treasuries will partially fix this Holders will demand all tokens come with a reserve
This is why I do it. The casino will go on. Most memecoins will go to zero and the whole thing is a fugazi. But if I can steer you away from the 100% certified scams run by known bad actors, it's worth it. Will you probably gamble that money on another shitcoin? Sure. But at least you'll live another day and lose it on your own terms instead of getting drained by straight-up scammers. I'll keep investigating and exposing these rugs, and I'm building a tool to help even more of you catch them so follow me so you don't miss it!
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my very good friend from HS becoming a trivia tiktoker was not something I expected!
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Marcel retweeted
Gm gm, wanted to give a personal update before the Asia Conference Circuit starts. I am winding down my time at @CapApp and will be departing from my position as Head of Growth at the end of the month and go all-in @UFGDeFi. This was not an easy decision to make but it is the right one. It's been an honor & pleasure working alongside @Benjamin918_ and the entire Cap team. Benjamin has stated that he wanted to get together a team of A+ players and he really did here. I've learned a lot over the past 21 months; It's hard not to when Cap is truly pursuing innovation in a sea of sameness. I'm proud of my work in bringing awareness and light to these efforts, especially in today's attention landscape. As Cap continues to advance a new form of credit to the productive economy, I'll be rooting for them from the sidelines and I know they will do me proud. Yes it has been fun being "TradFi Dave" for a bit, but in reality DeFi Dave never left. Whether that is what @Cibolan2000 and I have been cooking at UFG or with the interviews @patfscott and I have been doing with @FullyVested_Pod, what both have in common is they are a vision of DeFi I want to see in the world. Time is precious and there are few moments that are given to you where you can actually have an impact. Right now is one of those moments and I would be not true to myself if I didn't pursue it with all my heart and soul. For everyone who has been apart of my crypto journey for the past 9.5 years, your support means more than you'll know to me. And as I enter this next chapter, I leave everyone with a quote from the greatest himself, Muhammad Ali: “If my mind can conceive it, and my heart can believe it - then I can achieve it.” I stand by those words. Now watch with your eyes. See you in Seoul and Singapore.
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Marcel retweeted
i could take you places you never been before. like for example kings county family court
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Token seller when everything requires tokens:
Replying to @FrankieIsLost
it’ll be fine
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Imagine a guy who goes around with glasses and has an agent file a lawsuit against every single person he encounters There are a million things like this that can be jammed with agents
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this guy but for everything
Set up my AI agent to report Pokemon scalpers to the IRS for tax fraud. I get 30% of all proceeds collected by the IRS for my report, here’s how it works: - Scrapes facebook marketplace for sealed ETBs and negotiates a cash deal with sellers - It has to be cash, as the scalper is extremely likely to not be paying taxes on this income - Automatically records name on account, location, and all other information - Fills IRS Form 211, Application for Award for Original Information - Files and monitors email for requests for more info & payouts. I expected to collect over $500,000 this year… and pay taxes on every cent made.
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Part of the reason schools can get so crazy is for high IQ people it might be 25 years between the time they graduate school and time their kids are in school (assuming they have their first kid mid 30s) so you get culture shock stuff like “teachers don’t grade HW”
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Kinda amazing how this goes from being insanely corny to a song full of pathos about a man missing his gamer ex gf and how she’s moved on a good reminder how important the instrumentals of a song are to establishing an emotional connection
ggez but the beat is Kanye West flashing lights
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how does he not get slapped by someone for that lol
you’ll never guess where the paper straw guy works now
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Marcel retweeted
AI is trivially technically capable of joining two public databases and can even tell you why an Illinois public employee who has received a PPP loan during their service may be in a bit of hot water, but it _deeply_ discomfits some people that you could simply _do that_.
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You know what really pisses me off? When I’m zoomed all the way in on a road in Google Maps and it won’t show me the fucking road name, I have to scroll around until I find a label somewhere else. If I’m zoomed in on the road, just show me the name of the road @googlemaps
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well you see the mail is more valuable than the internet because of US mail privacy laws 🙄
The bull case for Ethereum and Solana is basically like saying if I mail you a trillion dollars the post office should be worth a trillion dollars
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if your bullcase for crypto is “cash” that if it saw widespread adoption gets banned by the government then idk what’s the point lol
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